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Fundera vs. Lendio: Which is better?

Fundera or Lendio? Both marketplaces are mostly toe to toe, but one offers a much wider lender network.

As a business owner seeking financing, you have no shortage of options to choose from. Fundera and Lendio both offer an easy application process, but Lendio boasts higher approval rates with a wider array of providers. Consider your unique credit profile and the requirements below before deciding.

Fundera vs. Lendio: A quick comparison


Finder rating★★★★★ ★★★★★
Loan products offered
  • Term loans, lines of credit, SBA loans, equipment loans, invoice financing, merchant cash advances
  • Accounts receivable financing, business line of credit, SBA loan, short-term loan, business term loan, business cash advance, equipment financing, commercial financing and more
Interest ratesVaries based on lendersVaries by lender
FeesNo fees for applyingNo fees for applying
Loan amountsUp to $5 million$1,000 to $5,000,000
Turnaround time
  • 1 business day for short-term loan options and lines of credit
  • 3–7 business days for medium-term loan options
  • As soon as 1 business day
Eligibility requirements
  • US citizen or permanent green card holder
  • Must have a revenue-generating business, revenue requirements vary by lender
  • Bank statements, personal credit score, business credit score, P&L statements and more
  • US citizen or permanent green card holder
  • Must have a revenue-generating business
  • Bank statements and other supporting documents
  • Operate business in US or Canada for 6 months or more
  • Have a business bank account, 500 personal credit score
  • At least $8,000 in monthly revenue
  • BBB star rating: A+
  • Trustpilot rating: 4.3
  • BBB star rating: A+
  • Trustpilot rating: 4.8
State availabilityAvailable in all statesAvailable in all states
  • Funding advisor to guide you through different loans
  • Faster turnaround times than banks
  • No fees as Fundera gets a cut from a financial provider in the end
  • Network of 75+ lenders
  • Funding as soon as 24 hours
  • Only partners with approximately 20 lenders
  • Needs 3 months of business bank statements
  • Rates can run high
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Fundera vs. Lendio: Which one’s better?

Both Fundera and Lendio are highly reputable lending marketplaces with a similar suite of loan products offered, as well as quick funding time. However, Lendio may be a stronger contender for borrowers looking for a wider selection of options with its network of 75+ lenders. And, if you think you may have difficulty qualifying for a business loan, Lendio’s wider network could offer a better chance of finding a lender willing to work with you.

When to consider Fundera

Fundera is a good choice for borrowers who want:

  • Revenue flexibility. Fundera’s application requires you to take only the average of the last few months of revenue.
  • Helpful resources. Fundera’s website breaks down loans best suited for women-owned businesses, those with bad credit and more.

When to consider Lendio

Lendio may be the best option for borrowers who need:

  • More options. Lendio’s platform has more than 75 lenders on offer.
  • Larger track record. Lendio has approved $10 billion in loans versus Fundera’s $2.5 billion.
  • No set business lifespan requirement. You do not have to be in business for years before applying for a small business loan with Lendio’s partners. However, most loans require at least 6 months in business.

The similarities

Fundera and Lendio are similar in that they allow borrowers to compare SBA loans, equipment loans, lines of credit and startup loans, among many others, to help customers make a well-informed decision.

Both lenders are highly rated by the Better Business Bureau as well as by consumers on Trustpilot. For borrowers who seek extra support during the application process, both platforms offer staff to guide consumers to the right products based on their business needs. They each also offer quick turnaround times for funding.

Compare other business loans

Compare up to four lenders side-by-side to see how they stack up.

Name Product Filter Values Min. Amount Max. Amount APR Requirements
Lendio business loans
Finder Score: 4.8 / 5: ★★★★★
Lendio business loans
Varies by lender
Operate business in US or Canada for 6 months or more, have a business bank account, minimum 500 personal credit score, at least $20,000 in monthly revenue
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
Olympus Business Capital
Finder Score: 3.8 / 5: ★★★★★
Olympus Business Capital
Not stated
Been in business for 6 months registered with the state, active and open bank account in business name, have $10,000 of revenue each month
No credit needed. Funding up to $100k with a variety of finance options to best fit your business needs.
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American Express® Business Line of Credit
Finder Score: 4.4 / 5: ★★★★★
American Express® Business Line of Credit
Minimum FICO score of at least 660 at the time of application, have started your business at least a year ago, and an average monthly revenue of at least $3,000
Access lines of credit for your small business even if you aren't currently an Amex customer.
Finder Score: 4.9 / 5: ★★★★★
Rates start at 1% per month
500+ FICO score, $200,000 annual revenue, 6 months in business, most recent business bank statements
Same day approval
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Fundera business loans
Finder Score: 4.9 / 5: ★★★★★
Fundera business loans
Varies based on lenders
$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months
Get connected with short-term funding, SBA loans, lines of credit and more.

Alternatives to Fundera and Lendio

Here are three alternative products similar to both Fundera and Lendio.

  • If you have a low credit score, you’ll have more luck at, as this site has no major credit requirements.
  • Biz2Credit: With Biz2Credit you can get a fast turnaround on loans up to $6 million.
  • Sunwise Capital: This lender has a low revenue and credit score requirements.

See how other lenders stack up

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To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
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Written by


Dhara Singh was a freelance personal finance writer at Finder specializing in loans. Formerly she was a top 10 journalist at Yahoo Finance with more than 38+ million content views where she covered retirement and mortgages. She has also written for Bankrate, and CNET and continues to write for a variety of outlets, such as Investopedia and Worth magazine. Her articles focus on equipping readers with the right information and data so they can make the most informed decisions related to their finances. Dhara previously worked as an insights analyst for Finder’s PR team, where she started the Deadliest Cities to Drive series in 2018, connecting interesting data analysis to a suite of car insurance products. When she’s not writing, Dhara coaches small business owners through her Stories to Sales programs and empowers them to use their life experiences to help other people. She has also self-published a poetry book on Amazon called Tell her She’s Lovely. Dhara holds a B.S. in Finance and Supply Chain Management from Rutgers University and a M.S. in Journalism from Columbia University. See full bio

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